Which one of the following statements is TRUE?

Group of answer choices

A classified board is one in which an announcement requesting applications for board members appears in the newspaper.

A classified board is one in which an announcement requesting applications for board members appears in the newspaper.

It is harder for dissidents to gain board seats if a company's board is classified.

nside directors are more concerned with shareholders' interests since they are more closely concerned with firm operations.

Management is said to be entrenched when the senior managers are consuming excessive perquisites.